The 2025 Draft Master Plan highlights opportunities for developments in Johor to address Singapore’s land shortages for housing, leisure, and workspaces, promoting collaboration and business growth across the Causeway.
The Urban Redevelopment Authority’s Draft Master Plan 2025 highlights land scarcity issues in Singapore, presenting Johor as a key area for potential housing and commercial developments to meet the ‘live, work, play’ needs of Singaporeans. Meanwhile, Mapletree Investments has sold an office building in Melbourne, adapting to market changes.
NTUC FairPrice is putting its freehold property at Upper Thomson Road up for sale, expecting bids around S$300 million. The site presents vast redevelopment potential as it measures 263,900 square feet and is set in a prime location, marking a significant move for FairPrice as it evolves its distribution strategy.
158 Cecil Street is on the market for S$165m to S$170m, reflecting a 30% drop from the owner’s purchase price in 2015. The 14-storey building is situated on a site with a 55-year lease balance and is currently 80% leased.
STARPOINT 319, a freehold residential property in Pasir Panjang, is for sale at S$50.5 million, potentially allowing development into a modern apartment or a student hostel.
The InterContinental Singapore in Bugis is set to close in 2026 and be rebranded, following an announcement regarding its low performance under the Fraser Hospitality Trust.
Hao Mart’s lease at Taste Orchard has been terminated, with tenants needing to vacate by December 31. The sudden decision has left many tenants shocked and seeking legal advice.
August saw the highest monthly sales of new homes in Singapore’s history, with developers selling 2,142 units amid strong market demand.
Overall sales of private homes in September are predicted to be sluggish as developers hold back new launches during the lunar seventh month.
The recent tender for a 265-unit executive condominium site in Sembawang saw JBE Holdings lead with a bid of S$692 psf ppr, amidst generally low responsiveness from other bidders.